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    OFF-MARKET
    Turn key restaurants

    715 Dixie Dr, Asheboro, NC 27203-7038

    3,656 SF 1.2 ac lot Built 1965
    Individually Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US53-5343951
    Property summary
    AI-generated overview

    This exceptional property at 715 E Dixie Drive in Asheboro, NC presents a unique opportunity for a discerning restaurateur. Situated in the heart of Dixie Drive's bustling commercial corridor, this established restaurant site benefits from high visibility and significant foot traffic. The location is strategically positioned at the intersection of Dixie Drive and Shamrock Road, ensuring maximum exposure to potential customers. While most of the previous restaurant's equipment has been removed, the property retains over 20 booths and tables, providing a solid foundation for a new culinary venture. The building's size is not specified, but the existing seating capacity suggests a substantial space suitable for a variety of restaurant concepts. This turnkey opportunity allows a new operator to capitalize on an already established location with a proven track record, eliminating the need for extensive build-out and permitting processes. The property's location on a major thoroughfare offers unparalleled accessibility and visibility, making it an ideal choice for a restaurant seeking to establish a strong presence in the Asheboro market. The lot size is not specified. This is a rare chance to acquire a well-positioned restaurant space in a thriving commercial area. Serious inquiries only.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1965
    Construction WOOD
    Total area 3,656 SF
    Lot 1.2 ac (52,272 SF)
    Zoning code B2
    APN 7760171208
    UPID US53-5343951
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Paw-Paw’s Place Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mark E Davidson · 18 yrs held
    Mark E Davidson
    since 2007
    2 recorded transactions
    2007
    $830,000
    2007
    $830,000
    Zoning & alternative use
    B2 · Asheboro, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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